The earnings call presents a mixed sentiment with significant achievements in terms of record sales and EBITDA growth, particularly in the Polish market. However, these are offset by challenges in Western Europe and China, as well as the strategic exit from the Pizza Hut operations in France and a decline in same-store sales.
Company Guidance
During the Q3 2024 earnings call for AmRest (EAT.WA), several key metrics and guidance points were discussed. The company reported sales of nearly EUR 660 million, representing a 4.2% year-over-year increase, and an EBITDA of over EUR 125 million, with a margin improvement to 19%. Operating profit rose by 14% to EUR 60 million, while the leverage ratio stood at 1.8x. AmRest opened 21 new restaurants in the quarter, bringing the total to 2,185 units. Notably, the company exited the Pizza Hut franchise in France, impacting 121 restaurants. Digital sales channels accounted for over half of the sales, with dine-in sales peaking at 47%. The management highlighted continued growth in Central and Eastern Europe, particularly in Poland, and acknowledged challenges in Germany due to economic conditions. They emphasized a focus on enhancing customer experience and adapting product offerings to meet market demands.
Record Quarterly Sales
AmRest sales during the third quarter of 2024 reached almost EUR 660 million, 4.2% higher than those achieved during 2023, marking an all-time high for a quarter.
Strong EBITDA Growth
EBITDA generated during the third quarter amounted to more than EUR 125 million, representing a margin of 19% and an increase of 13% compared to the same period of 2023.
Poland Market Performance
Revenues in the Polish market grew by more than 15%, with a significant increase in EBITDA driven by macroeconomic tailwinds and effective commercial management.
Cash Flow and Deleveraging
Strong operating cash flow generation reached over EUR 122 million during this quarter, leading to a net debt reduction and a leverage ratio of 1.8x.
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AmRest Holdings SE (ARHOF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARHOF Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 13, 2024
$4.64
$4.64
0.00%
Sep 05, 2024
$4.64
$4.64
0.00%
May 09, 2024
$4.64
$4.64
0.00%
Feb 28, 2024
$4.64
$4.64
0.00%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AmRest Holdings SE (ARHOF) report earnings?
AmRest Holdings SE (ARHOF) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is AmRest Holdings SE (ARHOF) earnings time?
AmRest Holdings SE (ARHOF) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.